Royal Bank of Canada Acquires 65,336 Shares of Fox Co. (NASDAQ:FOX)

Royal Bank of Canada increased its holdings in shares of Fox Co. (NASDAQ:FOX - Free Report) by 15.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 484,002 shares of the company's stock after purchasing an additional 65,336 shares during the quarter. Royal Bank of Canada owned 0.11% of FOX worth $22,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of FOX in the fourth quarter worth about $29,000. CIBC Private Wealth Group LLC raised its stake in shares of FOX by 135.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 907 shares of the company's stock worth $42,000 after buying an additional 522 shares during the period. Principal Securities Inc. raised its stake in shares of FOX by 51.5% in the fourth quarter. Principal Securities Inc. now owns 1,065 shares of the company's stock worth $49,000 after buying an additional 362 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of FOX by 82.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,343 shares of the company's stock worth $61,000 after buying an additional 608 shares during the period. Finally, Westpac Banking Corp raised its stake in shares of FOX by 84.0% in the fourth quarter. Westpac Banking Corp now owns 1,625 shares of the company's stock worth $74,000 after buying an additional 742 shares during the period. 26.41% of the stock is owned by institutional investors.

FOX Stock Performance

Shares of NASDAQ FOX traded up $0.35 during trading on Wednesday, hitting $51.50. The company had a trading volume of 824,084 shares, compared to its average volume of 1,245,602. The stock has a 50 day simple moving average of $47.97 and a 200 day simple moving average of $47.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.50. Fox Co. has a 12 month low of $30.51 and a 12 month high of $55.00. The firm has a market capitalization of $23.16 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56.

FOX (NASDAQ:FOX - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.96 by $0.14. FOX had a return on equity of 18.50% and a net margin of 14.39%. The firm had revenue of $4.37 billion for the quarter, compared to the consensus estimate of $4.19 billion. As a group, analysts anticipate that Fox Co. will post 4.25 earnings per share for the current year.

FOX Company Profile

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S.